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Revenue of Electronics Adhesives Market to Grow Twofold by 2020; Global Industry Analysis and Forecast 2020 by Transparency Market ResearchALBANY, New York, July 13, 2016 /PRNewswire/ -- The global electronics adhesives market is characterized by the growing presence of leading players in the emerging economies of Asia Pacific. This region presents a mammoth opportunity for all those involved in the production, sales, and distribution of electronics adhesives. As a result, an increasing number of market players have been considering the expansion into Asia Pacific as a major strategic move for a wider reach and to strengthen their position in the global market. Apart from this, the market for electronics adhesives is anticipated to benefit from the rising demand for more compact and lighter components from the electronics industry. Add to this, the growing penetration of the Internet of Things. The surging adoption of connected devices has transformed the way electronic appliances are built, giving players a significant opportunity to make the most of this trend. Asia Pacific: Host of Economic Benefits on Offer The global market for electronics adhesives comprises five regional segments: Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa. The volume of the APAC electronics adhesives market is poised to rise by more than 9% each year from 2013 to 2020, registering a twofold growth in demand during the period. Registering a 10% CAGR during the forecast period in terms of volume, and a 12.9% CAGR by value, this region dominates the global electronics adhesives market by volume as well as value. The value share of the APAC electronics adhesives market was pegged at 60.8% in 2014, amounting to US$1.7 bn in 2013. The active use of electronics adhesives in Asia Pacific can be attributed to the strengthening presence of electronics device manufacturers mainly in China, India, and South Korea. The abundance of raw material, low labor costs, and technological expertise are some of the key benefits that the region offers, making it the most lucrative market for electronics adhesives. Apart from Asia Pacific, North America also presents a multi-million dollar opportunity over the course of the forecast period. Get Research PDF for more Professional and Technical Industry Insights: http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=12779 Electronics Adhesives for Surface Mounting Present Significant Opportunities Electronics adhesives find application is encapsulaton, conformal coating, wire tracking, and surface mounting. Surface mounting adhesives form the largest application segment and are likely to continue their dominance through 2020. The opportunity in this segment is forecast to amount to US$1.8 bn by 2020, exhibiting a strong CAGR of 11.4%. The surface mounting segment is projected to hold a 31% share in the electronics adhesives market by the end of the forecast period thanks to the surging demand for PCB-based electronics devices across various sectors such as automotive, consumer durables, and industrial. Promising Growth in Store by Volume and Value The global electronics adhesives market is forecast to expand at an impressive 12.1% CAGR from 2015 to 2020, presenting a market opportunity of US$3.23 bn in 2014. The projected value of the global electronics adhesives market is anticipated to double by 2020 to reach US$6.4 bn. By volume, this market is expected to grow 1.8 times from 2013 to the end of the forecast period, registering an annual growth of over 8%. Browse Research Report with ToC & Free Analysis: http://www.transparencymarketresearch.com/electronics-adhesives-market.html Acrylic is the most widely used material for electronics adhesives and their impressive performance characteristics are expected to drive this material-type segment at a robust 20% CAGR. Accounting for a share of over 40% by 2020, electrically conductive adhesives are likely to emerge as the largest product type in the coming years. 3M Company, Dymax Corporation, Dow Corning, Evonik Industries AG, Henkel AG & Co. KGaA, and H.B. Fuller Company are presently the leading companies operating in the global market for electronics adhesives. Overwhelming Demand for Consumer Electronics in China to Override Impact of Regulatory Restrictions In keeping with this trend, TMR has observed that developing economies such as China and India are presently characterized by the rise of a new class of consumers. "The surging disposable income of this new class has resulted in the growing demand for automotive and consumer appliances. This, in turn, drives the global demand for electronics adhesives," states the author of the study. However, strict regulations against volatile organic compound (VOC) emissions from adhesive films are major concern in China. Despite being a leading producer of electronics adhesives, initiatives taken by the Chinese government to curb VOC emissions threaten to dampen the growth of the electronics adhesives in China. Be that as it may, TMR predicts that the massive production bases for and consumption of semiconductors, smartphones, and tablets is sure to override the negative impact of these regulatory restrictions in the coming years. Another factor boosting the electronics adhesives market is a surge in R&D activities. "The dynamic nature of the industry and constant changes in consumer expectations have compelled players to step up efforts in the development of advanced electronics adhesives that are in line with what the consumers want in terms of features, technology, and performance," the TMR analyst reveals. Browse Other Research Report:
About TMR Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports. Contact 
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